South Africa
The Pet Rock USD Digital Asset Fund offers investors USD (United States dollar) currency hedging options and consistent returns. The Fund is a low risk Stablecoin fund with a high degree of capital stability pegged to USD currency.
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Investors seeking consistent returns from a USD-based investment in Digital Asset Stablecoins. The Fund provides a currency hedge and seeks to earn returns from yield farming. It is suitable for investors who are seeking exposure to USD using Digital Assets as well as earning returns from the investment.
The strategy directs investment into selected USD currency pegged Stablecoins. The Fund will have low price fluctuation exposure by limiting the underlying Digital Assets to the selected Stablecoins. The advantages of this approach is to provide a currency hedge coupled with consistent earnings to add to the fund.
The Fund’s functional and reporting currency is in local currency("Fiat" currency). We only accept Fiat deposits and will effect withdrawals in Fiat. The valuation date is on the last working day of each calendar month at 17:00:00 SAST (UTC+02:00) time. Deposits and withdrawals are allowed monthly. Once received, Fiat is exchanged for a Stablecoin on the Ethereum main network (or a similar alternative). The Stablecoin is used to earn yield to enhance the Fund’s performance.
Digital Asset exposure in Stablecoins pegged to USD provides an alternative, cost effective hedge against currency fluctuations. The advantages of this approach is to provide a currency hedge coupled with consistent earnings to add to the fund.
Returns are largely determined by the fees offered by decentralised exchanges (DEX) or rewards offered by Crypto platforms and the Investment team seeks to generate returns through a combination of investment activities. Fluctuations between the USD currency and local invested currency may impact the overall returns generated.
Assets are rebalanced on a monthly basis, updating the Net Asset Value (NAV) and reported on independently by the Fund Administrator. Rebalancing (e.g. claiming token rewards) is determined through rigorous quantitative analysis and may change from time to time.
Fund growth will be reported on a monthly and quarterly basis. The Net Asset Value (NAV), including Fund growth, is measured and reported on independently by the Fund Administrator.
